Tuesday, July 19, 2016
Over the past few years, Airbnb has become a competitive player in the travel industry - according to a recent study, Airbnb is growing its inventory much faster than the hotel industry is adding new rooms. However, having a constant stream of non-resident visitors can be a nightmare for condo and HOA boards, raising security concerns and complicating the enforcement of property rules. Thanks to Chicago’s new home sharing ordinance, condominium associations are now protected against the growing number of short-term vacation rentals. Read what Kovitz Shifrin Nesbit - "The Condo Law Firm" – has to say about the new home sharing ordinance.